HydCubator

Program to help young entrepreneurs to establish technically sound and efficiently managed profitable startups in India

Inviting investors to participate in a unique initiative to build a new economy…

HydCubator - The concept

The HydCubator is a catalyst equipped to provide the core ingredients for entrepreneurs working on a niche idea – the support will be in the form of a seed fund, a hub or common office area, mentorship in business development and technology and access to networking events.

The HydCubator program is the commitment from the startup evangelists, venture capitalists, mentors and academic institutions to support entrepreneurs.

Objective

• To enable business, technology, product definition, marketing and business-planning support for entrepreneurs

• The HydCubator program will bring in commitment from the startup evangelists, venture capitalists, mentors and academic institutions to support entrepreneurs.

Differentiators of HydCubator

• A technology business incubator positioned geographically in the industry hub in Hyderabad.

• Access to cutting edge research labs at IIITH, HCU and top-notch management schools like ISB

• Seed funding mechanism into startups, through strategic partnership with investors.

• Complete infrastructural support.• Incubator is managed by a team which offers

VAS like market-research, business planning, customer linkage and technical strategy.

Deployment Model

Selected teams will avail a 60 day residential camp at IIIT-H during the summer.

Two workshops will be conducted covering product development, marketing, brand and business planning.

The camp will be followed by 6 month support from the HydCubator team.

Each team will be assigned one or two committed mentors for the total 8 month duration.

Each selected team will be seed funded to cover incidental expenses (living) for upto Rs 5,00,000.

Selection Process

• Who can qualify: Early stage startups – With a version of their product or just starting

up– A call for nominations will be issued for each

instance of the program• Qualification process

– A review panel will assess all nominations. Initial Short listed entries will be slated for further interactions (email, phone or in-person).

– The finalists will be given a chance to present their idea at an event in Hyderabad ( like the ITsAP, Nasscom or TiE events).

• The winners will be inducted into the camp and avail seed fund.

Strategic Partners

• Angel investors• Mentors

– from industry, business and academia

• Industry bodies– ITsAP– TiE– Nasscom

• Govt agencies– MCIT/DIT

Academic– IIIT-H,IIM,ISB

Funding Request

• The program is to be funded by the eco-system – (VCs, Angels, Innovation funds,

Government agencies)

Fund utilization

• The seed fund to the startup/entrepreneurs team will be used mainly for living and basic equipment like laptops & mobile phone or any other software or hardware.

• The organizers (IIIT-H) fund will be used for workshops, events, reference material and conducting preliminary market research.

Value to Investors

• Nurture the innovation eco-system– The HydCubator is a great opportunity for

investors to make a big difference with small financial commitment.

– An opportunity to nurture brilliant young minds and help shape a new economy.

• Share upside– Invest a minimum of Rs5,00,000 in each selected

team, hold small equity and nurture the startup.– The angel investor has the first right to consider

any of the incubates for further investment. • Its a well calculated and programmed risk with high

socio-economic returns….

Value to IIIT-H

• Participate and nurture the innovation eco-system– Opportunity for IIIT-H to be the fore-runner

among educational institutions for promoting innovation activity.

– An opportunity to nurture brilliant young minds and help shape a new economy with active participation from industry, investors and government. The final aim is to spawn new enterprises in emerging technologies

– Avenues for technology transfer from research labs to industry.

Summary

• The HydCubator is a great opportunity for investors to make a big difference with small financial commitment.

• Invest Rs 5,00,000 in each selected team, hold small equity and nurture the startup.

• Its an opportunity to nurture brilliant young minds and help shape a new economy.

• Its a well calculated and programmed risk with high socio-economic returns….

Contact:Ms Nirmala Govindan nirmala.govindan@research.iiit.ac.inMs Kavita Vemuri kvemuri@iiit.ac.in